Genius Sports Limited (NYSE:GENI) Receives $11.28 Consensus Target Price from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $11.28.

GENI has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, January 17th. Macquarie lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer raised their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup raised their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th.

Genius Sports Trading Up 2.3 %

Genius Sports stock opened at $9.30 on Friday. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33. The stock has a 50-day moving average price of $8.97 and a 200 day moving average price of $8.18. The stock has a market cap of $2.00 billion, a PE ratio of -29.06 and a beta of 2.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. On average, equities analysts predict that Genius Sports will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after buying an additional 230,209 shares in the last quarter. Senvest Management LLC boosted its position in shares of Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after acquiring an additional 819,385 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Genius Sports by 10.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock worth $58,959,000 after purchasing an additional 691,539 shares during the period. FMR LLC boosted its position in shares of Genius Sports by 53.2% during the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after buying an additional 2,507,165 shares during the period. Finally, Portolan Capital Management LLC increased its stake in Genius Sports by 9.4% in the 3rd quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock worth $24,860,000 after buying an additional 272,545 shares during the period. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.